Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-04-22
INCREASE OF BUSINESS.
Sacramento City and County Enjoying
Season of Prnsnerity.

Sacramento City and County Enjoying a
Season of Prosperity.
For weeks past there has been steady
increase in the demands for and the sale
of real estate. Those inquiring for prop
erty, seeking for investments, are, in nearly
every case, Eastern people. who are de-
lighted with our climate, have faith in the
future of this section, and desire to make
this their home. 1t is a noticeable fact
that real estate, both city and country
property, is rating much higher than in
the past, and the solid, permanent i'm
proyements that are being made in every
quarter indicate assured prosperity. Lands
throughout the county and counties adjoin-
ing Sacramento have appreciated very
much in the past year, and land transac-
tons are at present five times as numerous
as they were year ago. Up to this date,
more land has changed hands this year
than during 1885 and 1886. The pur-
chasers are nearly all men of means, who
have come from the East with their FAM
lies. Within the past two weeks over
twenty families have bought resident prop
erty in the eastern suburbs of the city, and
during the past six months the population
of the city has increased upwards of 1000,
mostly Eastern people and some few from
Southern California.
An Eastern firm is negotiating for the
purchase of the Johnston winery property,
and it is stated that the transfer will soon
be made. Several Boston manufacturers
are here looking up suitable locations to
establish manufactures of several class of
useful articles. Two large hotels will
likely be erected during the year that will
surpass in extent of accommodations and
elegance anything in the State outside of
San Francisco. The sites selected are not
on or K streets, and their erection will
no doubt be the cause of building up
other streets as thoroughfares One
drawback to Sacramento has been
the fact that her wealthy people
would rather loan their money on mort
cages, or invest il in Government bonds,
than to build up and improve their city.
The money now being invested is foreign
capital, which will force the money-bag-
ged fossils" to improve their property, in
order to keep pace with the more enterpris-
ing newcomer, or suffer in consequence.
A shrewd business man will not go beyond
Sacramento to embark in any business en-
terprise, when he takes into considera-
ton her location, second to none in COM
mercial point of view, and the center of
the most fertile valiey in the Union.
The wholesale houses of Sacramento
never were doing better business than at
present, and the sales so far this year show
a marked increase in volume.
The buildings in progress of erection are
greater in number than that of any previ-
Gus period in the history of the city, and
the buildings in contemplation of construc-
ton, chief among which is the Government
building to be erected at Seventh and X
streets. will give employment to an in
creased number of mechanics and laborers
Nothing is a better criterion of the pros
perity of community than the business
transactions of its Postoffice. That of this
city, for the first three months of last year.
exclusive of money orders, was &c. II.
The first three months of this year, SIP
676 As, showing an increase of 1888 II, or
nearly % per cent.